MEET48 has completed the burning of 23.47 million IDOL tokens and the buyback of 169.92 million IDOL tokens, further strengthening community empowerment.
On September 4th, the world's first AIUGC centered around the entertainment sector and the fan economy ecosystem community, MEET48, announced the completion of the burning of 23,472,000 IDOL tokens. This accounts for approximately 0.489% of the total IDOL token supply and 30% of the total votes in the first Web3.0 All-Community Annual Idol Popularity Audition & Ceremony (WIPA). The hash of the transaction sent to the black hole address was disclosed: 0x048070c7a8b36150ce33b75ade00af8d00c0d2335ef6b402bc72a722d83c833e.
At the same time, MEET48 also completed the buyback of 169,920,000 IDOL tokens, which is approximately 3.54% of the total IDOL token supply. The buyback addresses were disclosed: 0x23787C1ca6fe2db73740f70b13c6dEF80c1c8521 and 0x5A1d78Bb15E074A085379FBcBAF959CfA7660E50.
Previously, MEET48 was nominated for the BNB Chain 2025 Annual Award Rising Star and was among the Top 10 Rise Tokens in Binance Wallet's Alpha Focus in the past week. The IDOL burning and buyback plan is
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USD.AI will increase the deposit limit to $160 million
On September 4th, the AI Credit Stablecoin Protocol USD.AI declared that it will raise the deposit cap from $110 million to $160 million at 20:00 this evening. Additionally, the next increase in the deposit cap will be synchronized with the launch of the Plasma mainnet.
Previously reported by BlockBeats, on August 28th, USD.AI announced a partnership with Plasma to deploy on the first day of the Plasma mainnet's launch, enabling users to deposit USDT.
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LINEA's price continued to drop after the launch of the pre-market contract, briefly touching $0.025.
On September 4th, according to HTX market data, LINEA continued to decline after the opening of pre-market contracts. It briefly reached $0.025 and is now trading at $0.0263, with a 24-hour decrease of 14.78%. The 4-hour funding rate is currently 0.005%.
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Quantum Wealth: Subsidiary Registered to Establish RWA-Related Fund
On September 4th, GF Quantum (00290.HK), which was listed on the Hong Kong Stock Exchange, has set up a new fund under its subsidiary GF Strong Equity Investment Management. This new fund is called the "GF Quantum Tokenized Digital Asset Limited Partnership Fund" (RWA8 Fund), adding a new element to the Hong Kong RWA track. (Sohu Finance)
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Opinion: Jack Ma's purchase of Ethereum carries far more symbolic meaning than financial value, as China's Web2 trailblazers are now setting their sights on Web3
September 4th: On September 2nd, the Hong Kong-listed company Yunfeng Financial announced that it had acquired 10,000 Ethereum in the open market, with a total investment cost of 44 million US dollars. Yunfeng Financial is backed by Jack Ma and Yu Feng, two influential figures in the Chinese business community. This investment amount is not significant for Jack Ma's business empire in terms of size, but its symbolic importance far outweighs its financial value. It indicates that the first-generation Internet pioneers in China are now seriously focusing their attention on the next generation of the Internet, namely Web3. This foreshadows that after more than twenty years of rapid development, Chinese Internet giants are exploring new frontiers.
At the 2020 Bund Financial Summit, Jack Ma once stated, "If we construct the financial system with a forward-looking perspective for thirty years later, digital currency may be a very important core." For Jack Ma, Web3 is not merely a label for
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